The Championship trio have been placed under a transfer embargo for the rest of the campaign, having breached Football League rules last term.
As well as those three Championship sides, Bournemouth – who won the league last term – will be financially sanctioned as their level of spending exceeded the maximum £6million permitted. This means that clubs are not allowed to spend more than £6million of what they generate in total revenue, otherwise known as ‘maximum deviation’.
Their punishments, explained
The Cherries’ punishment is the most severe because, their spending gave them a competitive advantage in helping them get promoted into the Premier League.
The other three sides is less because, all remained in England’s second division and as a result, will be unable to sign (on a permanent basis) players in the upcoming January transfer window. They are though, allowed to sign players on loan deals whilst other stipulations apply in regards to transfer fees and wages.
A breach of FFP rules
Bolton failed to submit their required accounts, and will not be able to complete transfers until they comply with the FFP obligations. They are also in a whopping amount of debt currently, £172.9million pounds to be precise, and publicly stated their confidence that they’ll be able to achieve FFP.
However, they admitted that they would be unable to sign and submit their accounts until the “short and longer term funding issues the club are currently facing are resolved.”
Premier League leaders Leicester are rumoured to be one of the clubs who are in discussions with the Football League over their FFP submissions, whilst Queen’s Park Rangers could feel the force of a significant sanction as they breached FFP rules themselves two seasons ago.
A hefty fine of up to £58million pounds is being spoken about, and the west Londoners will be eagerly hoping they avoid that once the decision is finalised.